Did BTC just push prices up for the rest of the crypto-community and what's these 9ja Prices?
What's really going on?
Monday. 8 am. Prices are up after a period of some sluggishness. Bitcoin jumped from about $9,150 avg to $9,350 avg. So what happened? Some speculate that most of the money that left the pockets of the 'whales' or just well-heeled exchange balances for a splash about in the nascent and developing DeFi market just came rushing back in into more traditional territory. Enough of chasing prices registering behind two places of a decimal point, enough of trying to get these altcoins beyond 1 cent ... Let's go do something more traditional and get BTC over $10,000. That Monday jump was the answer.
Then the rest of the market went up, well - just the traditional market. ETH holders (HODLers smiled quietly to themselves).
What's with this Naira Price?
Meanwhile on some exchanges around the world, asking prices for BTC had already tested well above the $10,000 mark. $11,000 and asking weren't too much to ask. Is this that independent pricing regime to be deployed by exchanges that we wrote about previously? Or is this merely a question of the supply and demand for the Naira and Naira inflation? Or is this yet a gauge of the level of 'crypto-interest' being shown by Nigerians? With old traditional investing, many an investor would have called up their Nigerian brokers, 'sharp, sharp' as the local lingo goes.
